Why Your Tax Cut Doesn't Add Up
http://www.msnbc.msn.com/id/4660655/
Behind the promises to save you money, a hidden agenda is at work,
with a stealth tax to pay for it all
By Allan Sloan
Newsweek
April 12 issue - Tax time isn't fun, unless you're an accountant
keeping a running tab of how much you're billing clients as April 15
nears. But this year tax season's even more distressing than usual.
You've been looking forward to cashing in your share of the $3
trillion or so in tax cuts President George W. Bush has pushed through
in the past few years, those "real and immediate benefits to
middle-income Americans" he's promised (most people consider
themselves middle-income these days). But who can figure out this
stuff? Even accountants now get Excedrin headaches from an
ever-more-complex set of rules: financial publisher CCH says its
Standard Federal Tax Reporter, the tax-biz bible, has grown by a third
in the past three years, to more than 60,000 pages.
Allan Sloan
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